Undergraduate Student Loans

Loans are financial aid awards that require repayment with interest under varying terms and conditions. The loans must be repaid after you graduate, withdraw from college, or drop below half-time status (fewer than six units per quarter). Note that the loan amount you request in addition to all awards received cannot exceed the Cost of Attendance.

Admitted and continuing students must log in to MyAwards to view their aid package and requirements. The package may include federal loan offers from funds mentioned below.

Federal Loans

Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits, which other education loans are not required to provide. To be considered for a federal student loan, applicants must meet the following criteria:

  • They must file a Free Application for Federal Student Aid (FAFSA)
  • They must be enrolled in a degree-seeking program.
  • They must be enrolled in six or more units per quarter.
  • They must be a U.S. citizen or eligible non-citizen.
  • They must meet satisfactory academic progress for maintaining financial aid.
  • They must not be in default on a prior federal student loan or exceed annual and lifetime borrowing limits.
  • Accept academic year loan offers by May 15 deadline. All requirements must be completed by June 1.

Loan Servicer: Visit National Student Loan Data System (NSLDS) for loan servicer information on all Federal loans.

Please see general eligibility requirements for federal student aid for more details.

University Loans

UC Davis offers university based loans which have interest rates at 5% which accrue once the borrower ceases to be enrolled at least half-time. These loans are made on the basis of financial need. Review the promissory note and disclosures statements for additional information about deferment periods and repayment schedules.

Minimum award: $200

Maximum award: $4,000

Loan Servicer: ACS, Inc. – Education Services Phone Number: 866-575-4517 

Important Dates

Loan acceptance, increases and requirements must be completed by the published deadlines.

Last Registered Term of Attendance Deadline
Fall Quarter 2015 November 15
Winter Quarter 2016 February 28
Spring Quarter 2016 May 15
Summer 2016 Session 1 July 15
Summer 2016 Sessions 1 and 2 August 26
Summer 2016 Session 2 August 26

Loan Types

Federal Loans Highlights
Federal Direct Subsidized Loan
  • Available to students with financial need
  • The U.S. Department of Education pays the interest on a Direct Subsidized loan
  • Interest rate and loan fees for the year are determined annually on July 1
  • Available to undergraduate students with financial need
  • Payments do not begin until after the 6 month grace period
  • Loan servicer will be assigned by the U.S. Department of Education
  • Does not require a credit check
  • Processing fee deducted from each disbursement
Federal Direct Unsubsidized Loan
  • Available to students regardless of financial need
  • The borrower is responsible for paying interest while enrolled in school
  • Interest rate and loan fees for the year are determined annually on July 1
  • Payments do not begin until after the 6 month grace period
  • Loan servicer will be assigned by the U.S. Department of Education
  • Does not require a credit check
  • Processing fee deducted from each disbursement
Federal Perkins Loan
  • Loan does not accrue interest for students enrolled half-time or more
  • 5% annual interest rate
  • 9 month grace period
  • Does not require a credit check
  • No processing fees
  • Limited availability

Parent PLUS Loans
(for parents of dependent undergraduates)

2016-2017 PLUS Applications will be Available July 1, 2016

  • Only available to the parent(s) of a dependent undergraduate student enrolled at least half-time
  • Parent(s) may borrow up to the cost of attendance minus financial aid and outside resources
  • Begins accruing interest at the time of disbursement
  • Interest rate and loan fees for the year are determined annually on July 1
  • Credit check required
  • Parents can complete application and a promissory note at studentloans.gov
  • First payment is due within 60 days of final annual disbursement
  • Processing fee deducted from each disbursement
Institutional Loans Highlights
University Student Loan
  • Awarded to qualifying students that demonstrate financial need and file an educational expense appeal. 
  • Funds are awarded to assist with additional living expenses, child care, and first time computer purchase.
  • Limited funding may also be available for summer
  • Interest rate: 5%
  • Processing fee: N/A
  • Deferment period: 6 months
  • Does not require a credit check